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20121231
20121231
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Search Results 0 to 49 of about 82 (some duplicates have been removed)
CBS
Dec 30, 2012 5:30pm PST
for that to happen. one senator is calling it not a great attitude in congress right now. >> senator? >> reporter: 7 tors arrived to continue last-minute negotiations hours before the nation is set to fall off of the so-called fiscal cliff. after a day of intense talks, senate majority leader, harry reid said there will not be a deal tonight. >> there is a distance between the two sides, tpheg orbingiations continue. >> if republicans and democrats can not strike a deal, taxes will go up for almost every american, automatic cuts will kick in and millions will loose unemployment benefits. >> i want everyone to know i am will willing to get this done but i need a dance partner. >> they quickly cut the deficit by slowing the growth of social security but the senate says there is a little bit of movement when they are compromising which americans should should get ready to pay a higher tax rate. >> reporter: in an unusual move republicans here on capitol hill called on the nation's number 2 democrat, vice president joe biden, to help in negotiations, this as the white house puts the blame on the impass
KBCW
Dec 30, 2012 10:00pm PST
everyone's taxes will go up unless congress can manage to stifle the deal. reporter shows us after negotiations on capitol hill, there is still no agreement. >>> members of congress left meetings in capitol hill sunday without a deal. the so-called fiscal cliff. >> there is still significant distance between the 2 sides but negotiations continue. >> if republicans and democrats can't strike a deal, tax rates will go up for all americans and automatic tax cuts will kick in and millions will lose unemployment benefits. i want this done. >> they withdrew the proposal but cut the deficit by slowing social security. there is some movement as both sides try compromise about which americans start paying tax rates. >> republicans don't want to see new revenues, in other words democrat tax increase being used for new spending. >> in unusual move republicans called for a no. 2 democrat, biden to help with negotiations as the white house places a lot of blame on the impasse. >> they say the bill biggest priority is we deal with the debit. their way is the only priority that tax breaks for wea
ABC
Dec 31, 2012 7:00am EST
american congress. >> reporter: leaders negotiated all weekend long. the talks hit a brick wall. harry reid saying, he was unable to even counter the latest republican offer. >> at this stage, we're not able to make a counteroffer. it appears there are things that stop us from moving forward. >> reporter: that prompted mitch mcconnell to call for a lifeline. >> i placed a call to the vice president to see if he could help jump start the negotiations on his side. i want everyone to know i'm willing to get this done. but i need a dance partner. >> reporter: with that, vice president biden is now impemers as a key player, playing a direct role in the effort to strike a last-minute deal. the key sticking points remain the same. the white house wants taxes to go up on those making over $250,000 a year. republicans want a higher information threshold. they want to keep the estate tax from going up. there's no agreement on what to do about the automatic spending cuts set to go into effect on january 2nd. both sides have said the cost of failure is extremely high. >> if we're not able to reach an a
NBC
Dec 31, 2012 7:00am EST
economy is our american congress. >> reporter: since friday, the democrats' point man has been majority leader harry reid. >> everybody should hang loose. because we -- something may break and we'll be able to get something done. >> reporter: the top republican in the senate made clear he wanted to shake up the talks by changing players. >> i want everyone to know i'm willing to get this done. but i need a dance partner. >> reporter: mcconnell called on joe biden, who spent decades in the senate. and the vice president headed to the white house sunday. >> the vice president and i worked together on solutions before and i believe we can again. >> reporter: behind closed doors and working the phones, biden is described as democrats as playing the good cop as reid was more bad cop. >> there's still significant difference between the two sides but the discussions continue. >> reporter: it came not long after the president appeared on the "meet the press" and called out mcconnell and boehner on tax hikes. >> i think it's been very hard for speaker boehner and mcconnell to accept the fact tha
CNN
Dec 31, 2012 8:00am PST
that would never be. john avalon said, congress is raising to diffuse a time bomb that congress wired. >> reporter: that's true. the thing is, and we will continue to be in this process. now the expectation, obviously, is that dealing with the long-term fiscal health, that will now get into the mix with the debt ceiling, which we're looking at in february and march. we'll be talking about these issues for a long time to come. >> for another metaphor, we're in the second inning of another long and painful process of how to have a skbugt how to stick to it. thanks, brianna keilar. >>> we'll take a closer look at the cliff and what failure to reach a deal could do to your paycheck and when. we'll also look at the hit that you're going to take even if they do reach a deal. >>> first here's a look at other top stories we're following. secretary of state hillary clinton is in the hospital because doctors discovered she had a blood clot. it was found during a followup exam for the concussion she suffered earlier this month. she was suffering from a virus and was dehydrated at that time. doct
NBC
Dec 31, 2012 6:30pm EST
hill. kelly? >> reporter: good evening, kate. well, congress is out of time, and frustrations are really running over. and while democrats and republicans say they want to find a solution and they are working toward that, they don't have a deal yet, and that means for now there is nothing to vote on before tonight's deadline. with your money on the line, tonight washington can only claim progress. but not success. >> it appears that an agreement to prevent this new year's tax hike is within sight. but it's not done. >> we're very, very close. >> reporter: close comes after intense, closed-door negotiations that kept even most members of congress in the dark. the white house and senate leaders have been trying to beat a deadline they created to stop massive tax increases and automatic spending cuts that could trigger another recession. but one breakthrough did come today. >> i can report that we've reached an agreement on all of the tax -- the tax issues. >> reporter: a genuine compromise on taxes. most notable, rates would go up for couples earning above $450,000 a year. and t
CBS
Dec 31, 2012 4:30am EST
more from capitol hill. >> reporter: members of congress left meetings on capitol hill sunday without a deal. hours before the nation is set to fall off the so-called fiscal cliff. >> there is still significant distance between the two sides, but negotiations continue. >> reporter: if republicans and democrats can't strike a deal before midnight monday, taxes will go up for most every american. automatic spending cuts will kick in. millions will lose unemployment benefits. >> i'm willing to get this done but i need a dance partner. >> reporter: republicans introduced but quickly withdrew a proposal to cut the deficit by slowing social security. >> there is a lot of give and take going on right now but republicans don't want to see tax increases used for new spending. >> reporter: vice president joe biden was called on to help with the negotiations, this as the white house places a lot of the blame for the impasse on the gop. >> they say their biggest prior is making sure we deal with a deficit in a serious way. but the way they are behaving is their only priority is making sure tax br
FOX
Dec 31, 2012 5:00am EST
to lawmakers to nail down a deal o. >> we don't yet see an agreement and now the pressure is on congress to produce. >> reporter: republicans and democrats going back and forth behind closed doors working through night trying to avoid some of the most painful tax hikes and spending cuts in our nation's history. >> there is still significant distance between the two sides but negotiations continue. >> reporter: a possible sign of progress came when vice president joe biden rushed back from delaware to the white house to work the phones and reach out to republican senator mitch mcconnell, someone who he has worked with on many deals over the years. >> we're willing to work with whoever, whoever can help. there is no single issue that remains an impossible sticking point. >> reporter: if these bipartisan talks fail overnight, senate majority leader harry reid says he will push a white house fallback bill that. would raise taxes only on families making over $250,000 a year. it would also extend unemployment benefits for two million americans. that could face an up or down vote in monday's se
CBS
Dec 31, 2012 12:00pm EST
from the white house. >> reporter: members of congress arrived at the capital to work on new year's eve to try to avoid massive tax increases and spending cuts from taking effect in just hours. >> there are a number of issues on which the two sides are still apart. but negotiations are continuing as i speak. >> reporter: sources say both sides are starting to pro mize on which families will keep bush era tax cuts. the president wand families making more than $250,000 to start paying more. democrats are reportedly negotiating to raise that limit. >> let's get this thing done. tonight when the ball drops, let's make sure we haven't also dropped the ball. >> i'm sorry that we are here, on new year's eve, and that we haven't solved this problem long ago. >> reporter: most of the negotiations have been happening behind closed doors. but lawmakers called on the white house. >> senate minority leader mitchell's fish market mcconnell began talking directly with joe biden. >> it seems like the president is handcuffing harry reid from bringing a bill to the floor now. the president is i believe s
ABC
Dec 31, 2012 2:30am EST
the deal. >> reporter: if congress doesn't act soon, drastic spending cuts will go into effect and taxes go up for everyone. senate leaders continue to work on the stop gap bill, but sticking points remain. >> there's still significant difference between the two sides, but negotiations continue. >> reporter: reid said negotiation also continue through the night, with just hours left till that deadline. john and paula? >>> secretary of state hillary clinton is spending new year's eve in the hospital. during a checkup for her concussion, doctors discovered clinton developed a blood clot. now she's on medication. the medical experts we spoke with speculate that clinton may have developed the clot after days of inactivity due to the concussion. >> we wish her a speedy recovery. >>> millions of americans struggling to navigate roads that are glazed over with ice and snow. >> one crash alone, nine people passed away on an org highway and more than 20 others were injured. >> reporter: on the icy roads of the blue mountains in oregon, a tour bus crash on i-84. drives was also disastrous in the east
FOX
Dec 30, 2012 10:00pm EST
down a deal. >> we don't yet see an agreement, and now the pressure is on congress to produce. >> reporter: republicans and democrats going back and forth behind closed doors, working through the night, trying to avoid some of the most painful tax hikes and spending cuts in our nation's history. >> there's still significant distance between the two sides. but negotiations continue. >> reporter: a possible sign of progress came when vice president joe biden rushed back from delaware to the white house to work the phones and reach out to republican senator mitch mcconnell, who he's worked with on many deals over the years. >> we're willing to work with whoever, whoever can help. no single issue that remains an impossible sticking point. >> reporter: if these talks fail overnight, senate majority leader harry reid says he'll push a white house fall back bill, raising taxes only on families making over $250,000 a year, and also extend unemployment benefits for 2 million americans, that could face an up or down vote in monday's session. >> we're going to come in 11:00 a.m. tomorrow
ABC
Dec 31, 2012 6:30pm EST
of this. >> reporter: well, david, they just blew it. it is now clear that congress will fail to pass by midnight tonight something to prevent virtually everybody's taxes from going up. they have known for more than a year that tonight was the deadline and they just blew it. the deadline to prevent that massive $600 billion combination of tax hikes and spending cuts will be missed. but the scramble continues. to try to get a deal done and passed over the next day or two, that would put the tax cuts, at least, back in place retro actively. and today, they sure seemed close to a deal. >> i can report that we've reached an agreement on all of the tax tsh -- the tax issue. >> reporter: and even though the deal was not finalized, the president seemed to take a victory lap today at the white house. >> keep in mind that just last month republicans in congress said they would never agree to raise tax rates on the wealthiest americans. obviously, the agreement that's currently discussed would raise those rates and raise them permanently. >> reporter: it was a campaign-style event. >> i'm going
ABC
Dec 30, 2012 11:00pm EST
appears to be a willingness and interest or frankly the courage to close the deal. >> reporter: if congress doesn't act soon, drastic spending cuts will go into effect and taxes go up for everyone. the tax impact for the average american family, more than 3400 dollars. senate leaders continued to work on a stopgap bill but sticking points remain. >> there's still significant distance between the two sides, but negotiations continue. >> reporter: negotiations will through the night, now with just hours to go until the deadline. abc news washington. >>> for more on the fiscal cliff and what it means for your money, we've got you covered, abc2news.com, just head to our home page slide show for a break down of the different scenarios in washington and what they could mean for your paycheck. >>> and now, maryland's most accurate forecast. >>> gusty winds this afternoon. take a look. a shot that looked very cold in parkville with those clouds, from time to time, mixed in with some sunshine. take a look at chesapeake beach, very gusty winds now along the bay this afternoon. we'll take
FOX
Dec 30, 2012 11:00pm EST
. >> reporter: sequestration is designed to be painful. it was imposed by congress on itself when the super committee didn't work it out. president obama said today the cuts can be offset by raising taxes on the rich. >> we have raised revenue by the wealthy paying a little bit more, then that would be sufficient to turn off the automatic spending cuts, and that also would have a better outcome for our economy long- term. >> reporter: senator graham told me he thinks it's possible to find $600 billion in cuts elsewhere to spare the department of defense the next decade. but he thinks a bipartisan agreement can't be reached until february or march. >>> small business owners are especially afraid their bottom line with suffer. economists say businesses are holding back on spending money and for slowly strengthening economy, a shock to spend less could push the country back into a recession. >> businesses aren't hiring at the pace we would expect, because small businesses say we can't hire until we know what the tax system is going to look like, and what our tax bill will be in 2013. >> econom
CBS
Dec 31, 2012 6:00am EST
. >> reporter: member of congress left meetings on capitol hill sunday without a deal hours before the nation is set to fall off the fiscal cliff and negotiatations continue. >> reporter: if republicans and democrats can't strike a dell before midnight monday, taxes will go up for almost every american. automatic spending cuts will kick in and millions will lose unemployment benefits and i'm billing to get this done. >> reporter: republicans introduced but quickly withdrew a proposal to cut the deficit by slowing the growth of social security. but senators say there is some movement as both sides try to pro mize about which americans should start to pay a higher tax rate. >> republicans don't want to see new revenues, in other words democrat tax increases used for new spending. >> reporter: in an unusual move, republicans called on the nation's number two democrat gyp joe biden to help. >> they say their biggest prior is making sure we deal with a deficit in the, this a serious way. but the way they are behaving is making sure tax breaks for the wealthiest are protected. >> reporter: democrat
MSNBC
Dec 31, 2012 2:00am PST
the heat on congress applying new pressure on sunday in an interview with david gregory on "meet the press." nbc news white house correspondent has details. >> reporter: on "meet the press," president obama continued his public campaign to pressure congress. >> if congress doesn't act, then everybody's taxes go up, and for the average family that could mean a loss of $2,000 in income and the who economy can slow down. >> reporter: he called an lawmakers to strike a deal or hold a vote on his plan which would raise tax rates on wealthy americans a major sticking points for republicans. >> the way they are behaving is that their only priority is making sure that tax breaks for the wealthiest americans are protected. that seems to be their only overriding unifying theme. >> reporter: after the interview republican leaders accused the president of assigning blame instead of leading. >> when they say leadership falls on you mr. president you don't have a role here in breaking this impasse. you've had a tough go with congress. >> if folks can't say yes to good offers, then i also have an obligat
NBC
Dec 31, 2012 4:00am EST
limit debate kicks off. reporting live in washington, back to you. >> thank you very much. we appreciate it. >>> for his part, president obama has been trying to turn up the heat on congress, applying new pressure sunday in an interview with david gregory on "meet the press." nbc news white house correspondent kristin welker has details. >> reporter: on "meet the press," president obama continued his public campaign to pressure congress. >> if congress doesn't act, then everybody's taxes go up. and for the average family, that could mean a loss of $2,000 in income, and the whole economy could slow down at a time when the economy's actually starting to pick up. >> reporter: he again called on lawmakers to strike a deal or hold a vote on his plan which would raise tax rates on wealthy americans, a major sticking point for republicans. >> the way they're behaving is that their only priority is making sure that tax breaks for the wealthiest americans are protected. that seems to be their only overliove overriding theme. >> reporter: after the interview, republicans accused the president of a
CBS
Dec 31, 2012 5:00am EST
lose to lower their tax bill, those would go away. >> reporter: even if you don't have a job, congress is also negotiating an extension of long-term unemployment benefits for 2 million americans. so what can you do? >> reporter: unfortunately, there is not a lot of things people can do. i think people can contact their members of congress to say they are not happy with the job they are doing or not doing. otherwise watch, pay attention. you might be paying a bigger tax bill. >> reporter: a harsh reality, no matter who you are, with very real and realtime consequences. >>> making news now at 5:52. a tour bush crash in easter, oregon has killed nine people and injured more than 20 others. the driver lost control on interstate 84. the bus crashed through a guardrail and plummeted down a steep embankment. investigators are waiting to talk to the bus driver, because he was seriously injured. >>> new england doesn't have to be dreaming about a white new year's because it is here. milford, massachusetts got more than a foot of snow. coastal towns got rain though. >>> the hobbit an unexpected
CBS
Dec 31, 2012 6:00pm EST
all of washington's revenue and spending problems. >> with this congress, that was obviously a little too much to hope for at this time. it may be we can do it in stages. >> reporter: negotiations have been going on all day, lawmakers and aids moving back and forth between meeting rooms on what is normally a quiet new year's eve. the major sticking point now is spending. the president suggested lawmakers take action on deficit reduction in the next few months and that more tax revenue could be involved in those discussions. but republicans are furious at that possibility. >> i'm willing to support revenue to deal with this problem. the overall problem. but what i will not agree to is using revenue to replace spending reductions. >> reporter: even if the senate frawfs deal by midnight the house still has to pass the measure before the president can sign into it law. randall pinkston, cbs news, washington. >> even if it takes a few days to finish lawmakers say the cuts will be made retroactively but for federal employees they could go to work on wednesday not knowing if they will be sen
FOX News
Dec 30, 2012 6:00pm PST
congress about the scathing report in the september 11th attack on the u.s. diplomatic mission that killed ambassador christopher stevens and three other americans. with rescheduling she is on the calendar to give her testimony to the house and senate panel on benghazi. that new date sometime before mid january. no word on how this latest medical condition could effect that. i am harris falkner. let's get you right back to justice with judge janeane. >> welcome back to this special ed kigs digs of "justice." president obama on his own u.n. bams dorr. >> i was clear that susan has been an outstanding u.n. ambassador for the united states. she appeared on a number of television shows that she and we understood could to be the best information at the time. >>> before we get to the next guest congressman let's take a look back at the unfoldings of the obama administration narrative on benghazi. >> i want to take a moment to address the video circulating on the internet that has led to these protests. >> it is in response to a video. >> it was a spontaneous reaction to what had just transpired
CNN
Dec 31, 2012 6:00am PST
congress the wrong way. that's because they don't want to hold anyone accountable. >> reporter: who served more than 30 years and helped chair the famous 9/11 commission. e he says the getting the new board members appointed is crucial. >> whether or not you appoint the new members to the oce is a critical point. >> reporter: congressman hamilton is the director on center on congress at indiana university. >> it is going to tell us whether the leaders of the congress are serious or whether they are not serious about the enforcement of the standards of conduct within the institution. this is a critical test. >> it's really hard to know exa exactly who is quietly leading the effort to kill the oce. in the past, several lawmakers have criticized the agency or voted to slash its budget. john boehner and nancy pelosi need to lead the effort to reauthorize the oce and appoint new board members. so far it hasn't happened. >>> forget your waistline. milk, ice cream and other dairy products might slim down your wallet if congress fails to vote on a farm bill. the deadline is just hours away. [ fish
CBS
Dec 31, 2012 6:30pm EST
, they will use that last second. >> reporter: the president appears willing and congress appears prepared to go along with an idea of using time it doesn't really have. but after securing an extension of jobless benefits and tax credits for low-income and poor working families, the president thinks congress and more importantly the country can live with one day of cliff diving but not many more. >> major garrett, thank you. all of this uncertainty is not sitting well with business owners. it's tough to run a company when you have no idea what's going to happen in washington. lee cowan has that part of the story. >> reporter: joanne is running the numbers. her payroll is due this week. although she at least now has a hint of what taxes to withhold from her dozen employees, that's only half her worry. unresolved spending cuts are the other. >> it's very uncertain and very unnerving and very... causes a lot of anxiety and a lot of lack of sleep. >> reporter: she's the president of golden state magnetic and penetrant, a $2 million a year los angeles company that inspects, cleans and paints high-tec
FOX
Dec 31, 2012 9:00am EST
minima nufring. congress and the president. doug luzader has the story live. >> reporter: good morning. more talks today to come up with an agreement and may come down to what this guy can do. vice president joe biden. >>> congress is ending 2012 with a real problem on its hands. >> when the future of the country rests in the hands of 70 and 80-year-olds who have jet lag, it's probably not the best thing. >> the vice president appears to be taking over after a republican counter offer was met by silence. senate majority leader said democrats couldn't respond. >> i'm willing to get this done but i need a dance partner. >> minority leader reached out to the vice president whose years in the senate could help him broker a deal. we're talking something small probably a continuation of the bush era tax cuts and a renewal of long-term unemployment benefits. payroll taxes will go up tomorrow for everyone. a big hit for paychecks and sequester the government spending cuts would still happen. president obama blamed republicans. >> we don't see an agreement and now the pressure is on congress to
MSNBC
Dec 31, 2012 6:00am PST
, they can do things quickly, but they're just not there yet. chris? >> not there yet, story of congress. thank you, kelly. >> reporter: good to see you. >> with the hours ticking down, and as kelly said, no deal still done, the blame game, of course, is already under way. one thing is clear, the 112th congress wins the very dubious distinction of being the least productive congress in modern american history. i don't know if there's a ribbon of some sort for that. nbc's deputy political editor domenico montanaro is here with this morning's "first read." thank you for taking time and for crunching these numbers. let's go through the numbers that you guys in "first read," that let me put a plug in, i always read, got about bills and productivity in this congress. >> yeah, so, only 219 bills passed into law in this congress, the lowest number that we've seen. and you know, but the thing that you have to understand, i think there's a lot of republicans who don't necessarily think that that's a bad thing. they think shrinking the government, making the government do less are actually good th
MSNBC
Dec 31, 2012 11:00am PST
to come out and that bully pulpit can be a powerful weapon. >> reporter: certainly can be. good afternoon to you, t.j. the president using the bully pulpit. this is a part of the pressure on congress but also democrats who might be skeptical of this compromise that is coming to fruition so he came out today with middle class americans standing behind him and made the argument if we do, in fact, go over the cliff, if the steep tax hikes and spending cuts kick in to effect tomorrow, that the average american would see their taxes increase by about $2,000. this is an argument that he has been making for quite sometime now and appeared on "meet the press" this week with a similar argument and the event a part of that larger message and the president started to map out the contours of the deal coming together and i can tell you that this is what we can report, t.j. they have worked out the tax issues. so at this point in time, taxes will raise on folks making $400,000, individuals making $400,000 or more. couples making $450,000. the estate tax will go from 35% to 40% and unemployment insuranc
FOX News
Dec 31, 2012 10:00am PST
panel. not from the reports that congress issues. why it was that the state department continually rejected these requests for more assistance that led to the tragedy on 9/11. it's a very disturbing statement by the president that reveals a lot more troubling aspects of the way our people overseas are being protected. rick: some good leads is how the president described the investigation into who is responsible. does it surprise you that's all we have is good leads? >> they don't appear to be good enough to have actually found anybody. this statement by the president reveals that the internal workings of his mind. this is a criminal investigation. usual look for leads the way the police or fbi do. where this was an act of war against our facility in benghazi. four we'll were killed. there was a brutal fire fight that went on for 8 hours. this is not like a bank robbery that got a little bit out of control. signal we have been send, our passivity is very disturbing for other official americans and private citizens in the middle east. and an encourage to the terrorist groups as in th
CNN
Dec 30, 2012 4:00pm PST
. >> so it's no burning the midnight oil for the senate because they're gone, and congress now, do we know? >> reporter: the senate has decided to formally -- the senate majority leader harry reid said about an hour ago that effectively there won't be any votes tonight. so the hope for getting a deal today that the senate can vote on which was the hope even going into the day, that's not going to happen. in fact, the house, they brought people back for a vote tonight just to have people here in case the senate could vote on something that they could send over to the house. none of that is going to happen right now. the senate is not going to come in for any votes until 11:00 a.m. tomorrow. that is just 13 hours before the clock strikes midnight so they are certainly cutting it close. not a lot of -- certainly a lot of pessimism in the halls here. a lot of tension. a lot of anxiety. a lot of frustration, and certainly that frustration is not just within the walls and halls of congress. it's coming from outside in a big way. >> dana bash, stay tuned or we'll stay tuned to you. thank you. >>
ABC
Dec 30, 2012 11:35pm EST
will continue through the night. "politico" ined by reporter to talk about the fiscal cliff. it is looking like the president is going to try to get to introduce legislation to avoid some of the devastating tax increases. when the new congress is sworn in, and that means we're going over the fiscal cliff. unless we get something substantial in the next 24 hours, we will be going over the cliff. tax increases and on everybody. the defense cuts are not start until january 20. most americans are trying to tonight, come their paycheck, will this impact them? it does not create any 74 small-business owners. -- for small business small-business owners. know what is going to happen right now. the answer and is affecting the markets, the small-business market. >> secretary clinton is in the hospital, and other help set back for her. couple of weeks ago, she had suffered a concussn. in the course of a medical treatment, they manage to find a blood clot. very serious business. she has been hospitalized and treated for it. you for the update. she is in new york presbyterian hospital tonight. > if rg3 >> m
CNN
Dec 31, 2012 11:00am PST
was speaking. what was the administration trying to get across today with this appearance? >> reporter: hi, joe. well, it was in large part to encourage democrats in congress to believe that they're getting a good deal if this negotiation should resolve itself today and encourage them to take it and live to fight again another day for the rest of their priorities and get what they want in the next fight because there will be one when they come up against the debt ceiling, for example, in just a few months. as you point out, he was flanked by middle class americans, people who will see their taxes go up if there is no deal. and he made the case that he -- he's gotten for democrats many, many concessions from republicans, many of their priorities are in this package. now, republicans, i should point out, believe that some of his comments were rather partisan. in particular the remark that republicans want to see them take their spending and republicans can take their spending and shove it. and so there is a little bit of upset about that up on capitol hill today. the president also saying that he
CBS
Dec 30, 2012 11:00pm PST
unless congress hammers out the deal. lawmakers went home route an agreement of negotiations, randall? >> reporter: went home but they will be back tomorrow, we hope. one half of a trillion dollars. that is the tax increases on new year's day unless a deal can be reached. now, they have been coming closer but so far not enough to come up with an agreement. >> members of congress met meetings today on capitol hill without a deal. hours before the nation is set to fall off the fiscal cliff. >> there are are still significant differences between the two sides, tpheg orbiations continue. >>> if respects and temaccurates can not strike a deal before midnight monday taxes will go up for almost every american. automatic spending cuts will kick in and millions will lose unemployment benefits. >> i want everyone to know i am willing to get had this done. i need a dance partner. >>> republicans introduced a proposal by slowing the growth of social security. senators say there is movement as both sides try to compromise about which americans should start paying a higher tax rate. >> this is a l
CBS
Dec 31, 2012 6:00pm EST
left to resolve. but we're hopeful that congress can get it done. but it's not done. >> it was widely reported that the deal would include making the bush era tax cuts permanent for families with incomes under $450,000 a year. for households making more than that amount rates would rise from the current 35% to 39.6%. the agreement would also raise the estate tax. in addition unemployment benefits would be extended for one year. otherwise some 2 million americans face the end of their benefits beginning in january. on the senate floor shortly before midafternoon minority leader mcconnell confirmed that the stalemate on taxes appeared to be over. >> i can report that we've reached an agreement on all of the tax the tax issues. we are very very close. as the president just said the most important piece the piece that has to be done now is preventing the tax hikes. >> reporter: there was no a greenlt what to do about across-the-board spending cuts known as sequestration due to start tomorrow. democrats wanted to delay the cuts by a year. and the president served notice that even then he w
PBS
Dec 31, 2012 3:00pm PST
. but we're hopeful that congress can get it done. but it's not done. >> it was widely reported that the deal would include making the bush era tax cuts permanent for families with incomes under $450,000 a year. for households making more than that amount, rates would rise from the current 35% to 39.6%. the agreement would also raise the estate tax. in addition, unemployment benefits would be extended for one year. otherwise some 2 million americans face the end of their benefits beginning in january. on the senate floor shortly before midafternoon, minority leader mcconnell confirmed that the stalemate on taxes appeared to be over. >> i can report that we've reached an agreement on all of the tax, the tax issues. we are very, very close. as the president just said, the most important piece, the piece that has to be done now is preventing the tax hikes. >> reporter: there was no a greenlt what to do about across-the-board spending cuts known as sequestration due to start tomorrow. democrats wanted to delay the cuts by a year. and the president served notice that even then he wou
NBC
Dec 31, 2012 6:00pm EST
close to a final deal, but there is still a major sticking point. congress is going to miss its midnight deadline. just hours to go in the fiscal cliff is in sight. >> i can report that we have reached a deal on all the tax issues. >> the agreement looks like this. taxes will go up on folks earning more than $250,000 a year. tax credits for college tuition, clean energy and for those with children would be extended as well. >> it is not done. >> there are still some things to be resolved before it can bring legislation to the floor. >> in an afternoon briefing, president obama said he will not accept the deal that slashes spending without raising taxes, too. >> if they think that is going to be the formula for how we solve this thing, that is not how it is going to work. >> republicans reacted this way. >> i know the president has done heckling congress. i think he lost probably numbers of boats. >> he laughs and jokes and ridiculed republicans. >> both sides still have to sell any deal to their rank and file, and some democrats were not pleased. the senate may or may not vote on this to
FOX News
Dec 31, 2012 12:00pm PST
america. >>reporter: the deal would not satisfy the conditions congress made for avoid the fiscal cliff and the president will not go to hawaii to avoid the fiscal cliff and ever continue we get past the fiscal cliff, round two is in a couple of months when congress has to raise the debt ceiling to keep the country from default. trace? >>trace: thank you, wendell, from the white house. joining us now is columnist for the congressional newspaper "the hill." i have to go on what wendell says, if you are speaker boehner and you walk to the house of representatives members and say there is kind of a deal but no spending cuts. how does that fly? >>reporter: that is the problem. what you see are words of hope from the republican leader on the senate side how we are very close to what has to be fixed, the tax rates. he is trying to put a positive spin on that. we knew they would be fixed. the worry all along was, were we going to see a replacement for the draconian sequestration cuts everyone hated on both sides of the aisle for 17 months. here we are, in the final stretch, the 11th hour, surp
CNN
Dec 31, 2012 1:00am PST
tonight. we're the last reporting crew. all the members of congress have pretty much gone. the republicans in the house were meeting late tonight to try to talk about what to do, in the end this is what our producer deirdre walsh heard from them. the message is just sit tight, stay tuned and i think what we have to do, don, is find out tomorrow morning, whether there is any progress between senator mcconnell and vice president joe biden. there is definitely hope. there is not a lot of time. >> let me tell you this, lisa. when you see the workers there, and the crew that -- and those are the people who these negotiations are about. every day americans who work these types of jobs, who are every day americans and so there you go. i think that is absolutely tells the story. >> don, i want to -- >> go ahead. >> i want to sneak in one thing we found that hasn't been reported tonight. also on the table during negotiations, have been capital gains taxes. that came up with mitt romney. a lot of his taxes come from capital gains. those are investments that affect capital gains. republicans and demo
FOX Business
Dec 30, 2012 8:00pm EST
conclusion of that lonn litany of failures. and i think that whilehe scope of this report is very limited, it lays a basis for congress to go forward. i think that we shouldn't link at the clear and sharp, unambiguous statement. there was no donration in benghazi. they knew from the get-go that this was a terrorist attack. lou: you can cut this any number of ways that you want to in this administration. the american people wre lied to. ey were like two fromhe outset of this tragedy. these terrorist attacks are still being lied about whether directly or a mission, as far as i am personally concerned. ambassador, i want t interject something to yo if i may. there is a phrase of the week on this broadcast. thing the state department on tuesy dismissed john bolton's assertion that secretary of state hillary clinton have faked an injury and illness about the libyan terrorist attack. here's what ambassador bolton said. every foreign service officer in every foreign minister in the world knows the phrase when you don't want to go to a meeting or conference or an event, yu have a diplomatic ilnes
FOX News
Dec 31, 2012 1:00pm PST
seems to be frozen. >> a lot of people may argue that congress does not deserve a raise considering this fiscal cliff situation and the breaking news is no voice in the house tonight. how will it end up? >>reporter: it will end up how we have always known which is republicans are going to agree to an increase in the tax rates for the highest earners. in exchange they will not get a lot. but there will be an agreement. they are haggling over the amount, $250,000 to $400,000, around that and concerns about sequestration cuts. i have talked to senator whose say they could live with the taxes but the automatic across-the-board cuts especially in defense, because the sequestration cuts are divides half between defense and half the rest of discretionary spending, that is disproportionate hit on defense so a lot of republicans, some democrats, too, are worried. >> thank you so much. >> my preference would have been to solve all the problems in the context of a larger agreement, a bigger deal, a grand bargain, whatever you want to call it works this congress, that was obviously a little too
CBS
Dec 31, 2012 5:00am PST
. >> and deadline day with the "fiscal cliff" just around the corner. why congress still can't close the deal. >> reporter: and we're live in san francisco, where firefighters are calling a house fire in the excelsior district suspicious. we'll tell you why and what may be behind the cause. ,,,, ,, it seems our angels have been busy building a new, stronger angel soft®. it's built with two softshield™ layers. stronger, holds up better, and still a value you love. new angel soft®. now stronger than ever. dance class, shopping, and more. so do something nice for it. chevron with techron. care for your car. house fire in san >> your realtime captioner: linda marie macdonald >>> arson investigators looking into a house fire here in san francisco. what made things so dangerous for the firefighters. >> skies clearing out very chilly around the bay area. will it rain on new year's eve? we'll talk about that coming up. >> and bart is offering extended service later on tonight for the new year's eve holiday. a check on that plus the rest of your morning commute. >>> good morning, everyone. it's mo
ABC
Dec 31, 2012 11:00am PST
today is to make sure that we emphasize, to congress, and that members of both parties understand that all across america this is a pressing concern on people's minds. >> reporter: again, on the issue of tax increases and who constitutes the wealthiest of americans. the president was originally pitching a threshold of $250,000 a year in income. republicans wanted to see that as high as one million dollars. the deadline is midnight eastern time. keep in mind, even if congress misses that deadline they can put off the tax increases or refund them retroactively. katie marzullo, abc7 news. >>> a lot of us worried about our wallets. one item that won't fall off the cliff is milk. committees agreed to one year extension of the farm bill. committee approval is a good indication the full congress will follow even though the bill hasn't reached the floor. if the extension is not ok'd, the price of milk could double by next month. >>> in san jose police investigating the city's 46 homicide of the year. police responded to reports of a man with a gun on lewis road and wall street, east of hi
KOFY
Dec 31, 2012 11:30am PST
emphasize, to congress, and that members of both parties understand that all across america this is a pressing concern on people's minds. >> reporter: again, on the issue of tax increases and who constitutes the wealthiest of americans. the president was originally pitching a threshold of $250,000 a year in income. republicans wanted to see that as high as one million dollars. the deadline is midnight eastern time. keep in mind, even if congress misses that deadline they can put off the tax increases or refund them retroactively. katie marzullo, abc7 news. >>> a lot of us worried about our wallets. one item that won't fall off the cliff is milk. committees agreed to one year extension of the farm bill. committee approval is a good indication the full congress will follow even though the bill hasn't reached the floor. if the extension is not ok'd, the price of milk could double by next month. >>> in san jose police investigating the city's 46 homicide of the year. police responded to reports of a man with a gun on lewis road and wall street, east of highway 87 in south san jo
ABC
Dec 31, 2012 6:30am EST
to the deadline if congress and the president are going to stop the nation from going over the fiscal cliff. without a deal, taxes are set to go up on about every american. >> reporter: talks continue but this morning, still no deal. republicans and democrats nee gobuated all weekend, with the hope of passing legislation that would protect most people from a massive tax hike, set to kick in type at midnight. our top priority is make sure taxes on middle class families don't go up to hurt the economy badly. >> reporter: optimism about a deal over the weekend, when the republican leader in the senate made an offer, that all ended when senate majority leader said he couldn't present a counter proposal, in a hail mary, he phoned for help. >> i placed a call to the vice president to see if he could jump start the negotiations on his side. i'm willing to get this done. i need a dance partner. >> reporter: white house officials say vice president biden is now playing a direct role in the talks. the two partys remain at odds over the automatic across the board cuts to government programs and defens
FOX
Dec 31, 2012 4:25am EST
and disappointed in the republican party for allowing this to even be a possibility. >> reporter: sequestration is designed to be painful. it was the penalty the congress imposed on itself last year. now, half of the cuts are directed at the pentagon but president obama said today the dramatic across the board cuts can be offset by raising taxes on the rich. >> if we have raised some revenue by the wealthy paying a little bit more, that would be sufficient to turn off what is called the these automatic spending cuts and that would have a better outcome for our economy long term. >> reporter: senator graham said he thinks it is possible to find the money in cuts elsewhere to spare the defense department. but he thinks a bipartisan agreement probably can't be reached until february or march. >>> so at this point, there is no agreement on how to avoid the fiscal cliff but lawmakers managed to reach an agreement on another big issue. they have extend the farm bill by one year. it was set to expire soon and would have nearly doubled the current price of a gallon of milk sending it soaring to about $
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